President Bola Tinubu has appointed Dr. Mansur Muhtar, OFR, as the Chairman of the Bank of Industry Limited, entrusting him with the leadership of one of Nigeria’s most critical financial institutions.
In a statement released by Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, President Tinubu expressed strong confidence in Dr. Muhtar’s leadership.
Muhtar’s extensive experience in finance, public service, and international development makes him a fitting choice to steer the Bank of Industry towards its mandate of driving economic growth and job creation in the country.
Muhtar brings decades of expertise to his new role. He previously served as Nigeria’s Minister of Finance, Budget, and Economic Development from 2008 to 2010, where he played a key role in shaping the country’s economic policies.
He was also the Vice-President of Operations at the Islamic Development Bank, where he oversaw major development projects across multiple countries. His appointment as Chairman signals a commitment to leveraging his vast experience to enhance the Bank of Industry’s impact on Nigeria’s economic landscape.
Joining Dr. Muhtar on the board are several newly appointed executives, including Dr. Olasupo Olusi as Managing Director and Chief Executive Officer, and other directors tasked with overseeing key areas such as large enterprises, micro, small and medium enterprises, corporate services, public sector programmes, and corporate finance.
The board also includes representatives from major national institutions like the Ministry of Finance Incorporated, the Central Bank of Nigeria, and the Manufacturers Association of Nigeria.
The President emphasized the importance of the Bank of Industry as a development vehicle and called on the new board to work cohesively to achieve the institution’s goals of job creation, poverty alleviation, and socio-economic improvement for Nigerian families.
Dr. Muhtar’s appointment is seen as a strategic move to reinforce the Bank of Industry’s role in Nigeria’s economic development, with expectations that his leadership will drive significant progress in supporting projects that uplift the nation’s economy.
